1 min read Daily

News July 29, 2022: Koenigsegg, No Ordinary Scent, Gorilla Capital, Spotify, Sleep Cycle, Desi index and more

Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

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Funding news

  • Swedish high-performance sports car maker Koenigsegg is investing an undisclosed amount in Dutch solar EV startup Lightyear (English).

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News from Swedish startups, the tech sector and VCs

  • Stockholm-based startup No Ordinary Scent, founded in 2020 by Sandra Kinnmark and Amelie Saltin Thor, offers personal perfumes "co-created with AI". Brazilian journalist Lidia Zuin tried it (English).
  • [Exclusive] Finland-based early stage VC firm Gorilla Capital announced its 3rd fund, which will invest a targeted €50M in around 100 startups in Sweden, Finland, Denmark and the Baltic states. The firm intends to do 20-35 investments in Sweden, with amounts ranging from €50,000 to €2.5M. Across its 2 previous funds, it made a total of 7 investments and 4 follow-on rounds in Sweden, according to managing partner Petri Lehmuskoski. For the new fund, the firm has appointed Petter Hattenbach as managing partner for Sweden, with base in Stockholm.
  • Spotify's research team published results from a study in which it investigated how a large group of listeners actively found musical variety at different points of their life cycles (English)

Swedish tech earnings reports

Other interesting things from the startup/VC world & beyond

  • Across Europe, the number of open job positions at 3,612 privately-owned and VC-backed startups is down 43% since the beginning of February (English).
  • TikTok and the fall of the social media giants (English).
  • Sweden drops from #3 last year to #4 in the European Commission’s annual Digital Economy and Society Index (Desi) - it ranked #2 in 2020 (English).
  • Sweden has developed a reputation for building sophisticated submarines (English).

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That's it for today.

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: m@swedishtechnews.com
Stockholm